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#1499226 - 01/24/11 05:38 PM Title Fees (New Year Increases . . .)
xerx Offline
100 Club
xerx
Joined: Jul 2010
Posts: 226
Could anyone tell me if it's standard for title companies to raise fees EVERY year for the exact SAME service?

I noticed my search fee just went up $62 per property, and I assume my insurance fee went up too.

I'm wondering if I should research a new title company.

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#1500272 - 01/26/11 02:05 PM Re: Title Fees (New Year Increases . . .) xerx
MyBrainHurts Offline
Platinum Poster
Joined: Feb 2010
Posts: 960
Illinois
Just like all your other vendors.

Every vendor jacks up prices until they know you are shopping around.

Have you looked into any of the title companies that give you an ownership interest? I'm not making an endorsement, as I haven't done any research on this myself, but a number of banks in Central IL have joined up with Illinois Real Estate Title Center. http://www.iltitlecenter.com/about-us.htm

There are other banks that have taken an equity interest in title companies, too.
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#1501989 - 01/28/11 05:46 PM Re: Title Fees (New Year Increases . . .) MyBrainHurts
xerx Offline
100 Club
xerx
Joined: Jul 2010
Posts: 226
That's a good tip. I will research that.

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